$284,900
$309,900
8.1%For more information regarding the value of a property, please contact us for a free consultation.
6,000 SqFt
SOLD DATE : 08/08/2022
Key Details
Sold Price $284,900
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $47
Subdivision Section 20 & 21
MLS Listing ID 505176
Sold Date 08/08/22
Year Built 1893
Lot Size 9,252 Sqft
Acres 0.2124
Lot Dimensions 50x185
Property Description
All brick 7-unit money maker just a block from public transportation and village hall. Two- 3 bedroom apartments and Five-1 bedroom apartments. Over 6,000 square feet and fully rented plus new front load coin-op washer/dryer for added income. Great cash flow. Cap Rate at 13.6%. Vintage hardwood floors and trim throughout and some units with upgraded kitchen and baths. Upgraded entry door and security gate to south of building. Individual heat in each unit. Tenants pay gas and electric. 3 hot water heaters, Rubber roof approximately 12 years old, windows 10 years old, new water line 2020, new rear porch roof 2021, new basement glass block windows and building unit furnace 2021. Rear parking for 6 cars. Building is in good condition but being sold as-is. Owner will comply with city occupancy inspection.
Location
State IL
County Cook
Interior
Interior Features Elevator
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
View true
Others
Acceptable Financing NRA20240111125542710224000000
Listing Terms NRA20240111125542710224000000
Financing Conventional
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Bought with Non-Member MLS Office